Post
Topic
Board Economics
Re: Building wealth it's not just one time Luck
by
Zigabel
on 14/09/2023, 10:49:54 UTC

No one builds significant wealth from trading with an initial capital of $50 without making additions. 

I agree with you strongly. In as much as been productive in little can mean been even significantly productive and profitable in more due to a good managerial skill, the influence/impact of a good or high volume capital can not be overly emphasised as it creates a better edge for a fast pace growth and profitablity which is very healthy for wealth creation.


A good example can be sited with trading, a portfolio with just $50 can not experience the exact same amount of progress a portfolio of $50000 even if both accounts are on same trades as their profit margin will differ in large proportion, hence the person with a $50k account have higher tendencies of making a good fortune in less than no time as compared to that with the $50 account size. The person with a lower account size further stand chances of loosing their account quickly to volatility in the market even before they would want to think of making a fortune out of it hence it's okay to a $50 account size will most likely not make u a fortune.